Cement News tagged under: Indian sub-continent
Power Cement begins commercial operations at 7700tpd plant01 July 2020, Published under Cement NewsPakistan’s Power Cement Ltd has announced that its 7700tpd clinker production plant has reached its rated capacity and will therefore begin commercial production from 1 July 2020. The company noted production levels of 450,096t and 502,541t of cement and clinker, respectively, during the 9MFY19-20. Domestic sales reached 418,757t, while cement exports were at 4372t and clinker exports at 111,800t. Overall this represents a nine per cent decline in both domestic and export sales. However,... |
BCIC and EDII to build cement plant in Bangladesh01 July 2020, Published under Cement NewsBangladesh Chemical Industries Corp and Saudi-based Engineering Dimension International Investment have agreed to build a cement plant under the name of Saudi Bangla Integrated Cement Co Ltd. The new plant will have a clinker capacity of 12,000tpd and a cement capacity of 3000tpd, based on the supply of limestone from Meghalaya, India. In addition to producing cement from its own clinker, the plant will also supply 4Mta of clinker to grinding units in Bangladesh. The project is expected t... |
Anjani Portland Cement reports net profit rise in FY19-2001 July 2020, Published under Cement NewsIndia’s Anjani Portland Cement has reported a 14.7 per cent decline in total income to INR1.03bn (US$13.63m) for the final quarter of FY19-20, compared to INR1.21bn in the year-ago period. Net profit also fell 30.2 per cent YoY to INR80.4m from INR115.1m. In the full FY19-20, total income was down 5.9 per cent to INR4.13bn from INR4.39bn in the previous fiscal year. However, net profit surged 74.2 per cent YoY to INR403.5m from INR231.6m in the FY18-19. |
Bashundhara Industrial Complex secures land for bagging factory30 June 2020, Published under Cement NewsBangladesh’s Bashundhara Industrial Complex has signed an agreement for 16 acres of land, located 1km away from Mongla port and another 20km away from the site of a proposed airport in Bagerhat. The company intends to use the land for the construction of a factory that will produce cement bags for its two cement plants. |
Nepalese government terminates two cement producer licences29 June 2020, Published under Cement NewsThe government of Nepal has terminated the licences of two cement producers for selling cement that did not meet the quality standards set by the government. The Nepal Bureau of Standards and Metrology (NBSM) informed that the production licences of Reliance Supertek Cement, Bara, and International Cement Ltd, Parsa, have been terminated. “These two companies even defied our direction to halt selling their products and were repeatedly found selling substandard products in the market,” info... |
CMA highlights positive sector prospects and continued sustainability drive26 June 2020, Published under Cement NewsIndia’s cement industry is providing self-sufficiency and is well-placed to cater to the existing and future demand of cement, according to Marendra Singhi, CMA president, in the opening session of Green Cementech’s 2020 virtual conference on 24-26 June. He highlighted the considerable growth prospects of the country’s cement sector in view of the country’s need for infrastructure and housing programmes. In terms of the sector’s sustainability, Mr Singhi emphasised that the country operate... |
Star Cement sees 4% increase in sales26 June 2020, Published under Cement NewsIndia’s Star Cement has reported a 3.5 per cent rise in net sales to INR5.57bn (US$73.58m) in the final quarter of the FY19-20, compared with INR5.38bn in the corresponding period of the previous fiscal. However, the company’s net profit declined 4.4 per cent YoY to INR858.3m from INR897.7m. In the full FY19-20, total income edged up two per cent YoY to INR18.73bn from INR18.37bn. Net profit declined to INR2.86bn, a 4.4 per cent fall from INR2.99bn in the FY18-19. |
Indian cement demand recovers after lockdown26 June 2020, Published under Cement NewsFollowing the lifting of the coronavirus lockdown in several Indian states, the country’s cement industry is witnessing some pick-up in demand, according to Livemint. Research into the cement dealers’ channel by various brokers has shown that pent-up demand is supporting capacity utilisation levels with rural areas expected to provide a further rise in sales going forward. “Rural and pent-up demand has led to higher-than-expected volumes in May-June 2020 and the industry could just suffe... |
Burnpur Cement sees net loss widen in 4Q25 June 2020, Published under Cement NewsIndia’s Burnpur Cement has seen its standalone net loss widen to INR1.25bn (US$16.53m) in the quarter ending 31 March 2020, compared to an INR31.2m net loss in the corresponding period last year. Net revenue was down 25.7 per cent to INR178.5m from INR240.2m in the 4QFY18-19. However, operating expenses also declined 25.7 per cent YoY to INR176.7m from INR237.8m. |
India Cements doubles net profit in FY19-2025 June 2020, Published under Cement NewsIndia Cements reported consolidated net profit of INR534.6m in FY19-20 when compared with INR252.6m in FY18-19. Total income rose from INR58.1bn in FY18-19 to INR52.231bn in FY19-20. India Cement's net loss in the 4QFY19-20 reached INR117.6m when compared with a profit of INR325.7m in the 4QFY18-19. The company incurred a one-time loss of INR1bn owing to coronavirus uncertainty in the quarter under review. Total income stood at INR11.98bn in 4QFY19-20 when compared with INR16.23bn in the y... |